Morgan Stanley Cuts Arch Capital Group (NASDAQ:ACGL) Price Target to $110.00

Arch Capital Group (NASDAQ:ACGL - Get Free Report) had its price objective lowered by investment analysts at Morgan Stanley from $115.00 to $110.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the insurance provider's stock. Morgan Stanley's price target indicates a potential upside of 24.53% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Bank of America decreased their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $117.19.

Arch Capital Group Price Performance

Shares of ACGL traded up $0.13 during midday trading on Friday, hitting $88.33. 1,616,286 shares of the company traded hands, compared to its average volume of 1,962,561. The stock has a 50-day moving average of $92.27 and a 200-day moving average of $100.85. Arch Capital Group has a one year low of $83.97 and a one year high of $116.47. The firm has a market cap of $33.23 billion, a P/E ratio of 5.93, a PEG ratio of 1.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the business earned $2.45 EPS. As a group, sell-side analysts predict that Arch Capital Group will post 8.86 EPS for the current fiscal year.

Institutional Trading of Arch Capital Group

Institutional investors have recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after purchasing an additional 6,663 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock worth $12,444,000 after acquiring an additional 5,614 shares during the period. PNC Financial Services Group Inc. lifted its stake in Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock worth $8,024,000 after acquiring an additional 6,521 shares during the period. Pittenger & Anderson Inc. lifted its stake in Arch Capital Group by 56.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock worth $621,000 after acquiring an additional 2,430 shares during the period. Finally, Metis Global Partners LLC lifted its stake in Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after acquiring an additional 5,345 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.